CBDC Essentials
CBDC Essentials
CBDC Essentials
This course aims to provide a comprehensive overview of central bank digital currencies (CBDCs). The course will begin by introducing CBDCs and exploring their history and evolution. It will then delve into the motivations behind central banks issuing CBDCs, including financial inclusion, payment system efficiency, and macroeconomic stabilization. The course will also cover different deployment models for CBDCs, including central bank-issued, decentralized, and hybrid models.
Technical considerations for CBDC design, such as digital currency infrastructure and legal and regulatory frameworks, will be examined. The course will also explore various use cases for CBDCs, including cross-border payments, financial inclusion, digital identity, and supply chain management.
The course will delve into the implementation and deployment of CBDCs, including case studies of CBDC projects and pilots and the technical considerations involved in implementation. It will also cover the legal and regulatory frameworks surrounding CBDCs, including international standards and guidelines and considerations for consumer protection, money laundering, and financial stability.
The ethical and social implications of CBDCs will be addressed, including the impact on privacy, financial intermediaries, and financial stability. The course will also explore ongoing research and experimentation with CBDCs and potential future directions for CBDC development and adoption. Finally, the course will consider the impact of CBDCs on the traditional financial system and potential implications for monetary policy and financial stability, as well as ethical and societal considerations.
Courses in this Certificate Program
- Total Hours: 4
- LIVE Online: 4 Hours+
- Tuition: $99
| Courses in this Program | Hours | Delivery Method |
|---|---|---|
| Student Orientation | 1 Hour | LIVE Online (optional) |
| CBDC Essentials | 4 Hours | LIVE Online |
| LIVE Instructor AMA - bi-monthly | 1 Hour + | LIVE Online (optional) |
Upcoming LIVE Instruction Dates
Instructor AMA Friday May 25 2024
Friday | 1 Hour | 2:00-3:00 PM EST (11:00 AM PT, 6:00 PM GMT) Attend LIVE to learn directly from...
May 24 @ 2:00 pm - 3:00 pmInstructor AMA Friday June 7 2024
Friday | 1 Hour | 2:00-3:00 PM EST (11:00 AM PT, 6:00 PM GMT) Attend LIVE to learn directly from...
June 7 @ 2:00 pm - 3:00 pm
Course Objectives
- To provide a comprehensive understanding of central bank digital currencies (CBDCs), including their definition, history, types, and deployment models.
- To explore the motivations behind central banks issuing CBDCs, including financial inclusion, payment system efficiency, and macroeconomic stabilization.
- To examine the technical considerations for designing and implementing CBDCs, including digital currency infrastructure and legal and regulatory frameworks.
- To examine various use cases for CBDCs, including cross-border payments, financial inclusion, digital identity, and supply chain management.
- To study the legal and regulatory frameworks surrounding CBDCs, including international standards and guidelines and considerations for consumer protection, money laundering, and financial stability.
- To understand the ethical and social implications of CBDCs, including the impact on privacy, financial intermediaries, and financial stability.
- To examine ongoing research and experimentation with CBDCs and potential future directions for CBDC development and adoption.
- To consider the impact of CBDCs on the traditional financial system and potential implications for monetary policy and financial stability, as well as ethical and societal considerations.
- To develop critical thinking skills by analyzing the benefits and drawbacks of CBDCs and evaluating their potential impact on the economy and society.
- To enhance communication skills by presenting findings and recommendations on CBDCs in a clear and concise manner.
Certificate of Completion – CBDC Essentials – 4 Hours
Course Content Overview
Module 1 – Introduction to CBDCs
- Definition and overview of CBDCs
- History and evolution of money
- Types of CBDCs: wholesale vs. retail,
- Types of CBDCs: account-based vs. token-based
- Wholesale vs. Retail CBDC
- Account-based vs Token-based CBDC
- Advantages and disadvantages of CBDCs
- Differences between CBDC’s and Stablecoins
- Digital Money Alternatives
- Sovereign vs. Non-sovereign Money
Module 2 – Motivations for issuing CBDCs
- Financial inclusion and access to digital payments
- Enhancing the efficiency of domestic payment systems
- Macroeconomic stabilization and monetary policy implementation
Module 3 – CBDC Deployment Models
- Central bank-issued CBDCs: governance, issuance, and distribution
- Decentralized CBDCs: blockchain-based models and technologies
- Hybrid CBDCs: combining central bank oversight with decentralized technologies
Module 4 – Technical considerations for CBDC design
- Digital Currency Infrastructure
- Digital Currency Cryptography
- Digital Currency Interoperability
- Digital Currency User Experience
- Technical Considerations for a Legal and Regulatory Framework
Module 5 – CBDC Use Cases
- Cross-border payments and remittances
- Financial inclusion and access to Finance
- Digital Identity and Verification
- Supply Chain Management
Module 6 – CBDC Implementation and Deployment
- Case-studies of CBDC Projects and Pilots
- User adoption and acceptance of CBDCs
- Adoption of Bitcoin as Legal Tender
- Lessons Learned from these Pilot Projects
Module 7 – CBDC Legal and Regulatory Frameworks
- International standards and guidelines for CBDCs
- Legal Frameworks for CBDC Issuance and Use
- Regulatory considerations for CBDCs:
- Consumer protection,
- Money laundering, and
- Financial stability
Module 8 – Ethical and social implications of CBDCs
- Privacy and Data Protection
- Inequality
- Employment
- Financial Stability
- The Chinese CBDC
Module 9 – Future developments and open questions in CBDC research
- Ongoing research and experimentation with CBDCs
- Possible future directions for CBDC development and adoption
Module 10 – CBDCs and the Future of Money
- Impact of CBDCs on the traditional financial system
- Potential implications for monetary policy and financial stability
- Ethical and societal considerations of CBDCs
Additional Information
- Module Quizzes and Knowledge Checks
- Guest Lectures & Networking
- Student Orientation
- LIVE Online Instructor AMAs
- Certification Exam Prep
Certification Competencies
This course content covers 10% of the Focus Area Certification Exam Competencies for the Web3 Certification Board (W3CB) Blockchain Financial Analyst Certification.
Certification Tracks
BLOCKCHAIN FINANCIAL ANALYST
Includes:
- AI Essentials
- Web3 Foundations
- Blockchain Foundations
- Blockchain & Bitcoin Intensive
- Exam Voucher: W3CB Web3 Foundations Certification Exam
- Blockchain for Finance
- CBDC Essentials
- Fundamentals of DeFi & Primitives
- Key Management
- Tokenomic Essentials
- Blockchain Enterprise Strategy
- Exam Voucher: W3CB Blockchain Financial Analyst Certification Exam
